by Lara | Oct 12, 2015 | Gold |
Both Elliott wave counts had a short term target at 1,165 for a little upwards movement for Monday. Price moved higher, reaching 1,169.15 before turning down for the session. Summary: The bear wave count must now substantially reduce in probability, so the bull wave...
by Lara | Oct 9, 2015 | Gold |
Upwards movement invalidated the bear Elliott wave count and confirmed the bull. With some adjustment, the bear Elliott wave count is still valid and will only be discarded when the channel containing this bear market is breached. The bear wave count will remain...
by Lara | Oct 8, 2015 | Gold |
Downwards movement was expected for the bear Elliott wave count and this is what has happened. So far both Elliott wave counts remain valid. Summary: The short term target for a third wave for the bear is 1,106. This may be met next week. The short term target for the...
by Lara | Oct 7, 2015 | Silver, Silver Historical
Silver has been in a bear market since April 2011. Summary: There is still not enough confirmation of a trend change for Silver from bear to bull. With some adjustment, the third bearish wave count is still viable. The bear market must be assumed to remain intact...
by Lara | Oct 6, 2015 | Gold |
Upwards movement was expected by the bull Elliott wave count overall, but the pathway there was not what was expected. Price still has not invalidated or confirmed either Elliott wave count. Summary: It looks most likely we shall see some downwards movement from here....
by Lara | Oct 6, 2015 | US Oil, US Oil Historical |
The triangle completed sideways and was followed by upwards movement, as expected. The target is recalculated today. Summary: I expect a zigzag is completing upwards. The target is at 51.14 to 51.2. If it is met in three days time, the correction would last a...
by Lara | Oct 2, 2015 | Gold |
An upwards correction was expected as likely to have begun, and this was confirmed when the small channel on the hourly chart was breached. Two targets were provided: 1,128 or 1,139. Price reached up to 1,141. Summary: Next week both wave counts expect downwards...
by Lara | Oct 1, 2015 | Gold |
A small red doji candlestick fits both Elliott wave counts nicely, for the short term. Summary: Both Elliott wave counts expect a small consolidation has begun. However, we do not have confirmation at the hourly chart level yet. Only a breach of the channel on the...
by Lara | Sep 30, 2015 | Silver, Silver Historical
Silver has been in a bear market since April 2011. There is not enough technical confirmation of a change from bear to bull. For this reason I favour the third wave count which is bearish. But the first two wave counts are entirely possible. Price will tell us which...
